Business

Pension for Biafra police personnel: Buhari should tackle issue of Igbo marginalisation – Ohanaeze

…Buhari has shown he’s a statesman—Ikedife …Action not far-reaching —IPAC..Pay ex-Biafra soldiers, businessmen too–SAG…It’s medicine after death —MASSOB By Chioma Gabriel, Anayo Okoli, Vincent Ujumadu & Ugochukwu Alaribe Following reports of presidential approval of pension for Biafra police personnel, the apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, among other organisations and Igbo leaders have expressed mixed feelings over the development. Nnia Nwodo, President-General of Ohanaeze While some gave kudos to the president for the approval, others dismissed it as an action not far-reaching. President Muhammadu Buhari had, Wednesday, approved the payment of pension for police officers who were granted presidential pardon in year 2000 after serving in the ...

Zenith, GTBank record N302.58bn profit in Q3

By Peter EgwuatuTWO top banks in Nigeria, Zenith Bank Plc and Guaranty Trust Bank, GTBank Plc, yesterday, released their unaudited third quarter, Q3, 2017 results, posting a combined group Profit Before Tax, PBT of N302.58 billion. According to the results released on the Nigerian Stock Exchange, NSE, Zenith Bank recorded a group PBT of N152.552 billion for the third quarter ended September 30, 2017 as against N116.587 billion in the corresponding period of 2016. Also, gross earnings stood at N531.226 billion as against N380.352 billion in the corresponding period of 2016. On the other hand, GTBank Plc recorded PBT of  N150.03 billion for Q3 ended September 30, 2017, representing a growth of  nine per cent over N137.99 billion recorded in the corresponding period of Se...

Gas flaring: Reps set up c’ttee to probe non-payment of $14.2bn penalties

By Emman Ovuakporie ABUJA—THE House of Representatives, yesterday, set up an ad-hoc committee to probe the non-payment of $14.2 billion penalties by oil companies to communities affected by gas flaring. To this end, the special committee is expected to submit its findings within four weeks for further legislative inputs. gas flaring The House also urged relevant government agencies to undertake a damage and post-impact assessment of gas flared environment and direct payment of compensation by oil companies to affected communities. This was, however, sequel to a motion by Ehiozuwa Johnson Agbonayinma (PDP, Ikpoba Oha/Egor Federal Constituency of Edo State) and six others. The motion was entitled, “Need to investigate the loss of over $14 billion as a result of non-payme...

NFF elections to hold in Katsina

The Annual General Assembly set the tone for future NFF elections in the country. The Congress adopted a motion to the effect that future Elective Congresses be moved away from the FIFA World Cup year. This is to guarantee stability in the system to prepare the National Team for credible participation at the finals, and to avoid the distractions and crises usually associated with the World Cup year. General Assembly approved Katsina as venue the next NFF Elective Congress. The date for election was fixed as 30th September 2018. However, this approval is subject to any amendments to the Statutes in view of the coming NFF Bill. Similarly, the congress composed new NFF Electoral and NFF Electoral Appeal Committees thus: Electoral Committee: Barr. Mohammed Sani Katu; Mr. S...

A great idea

By Donu KogbaraRIVERS State Governor, Nyesom Ezenwo Wike, is setting up an Academy in Port Harcourt, in partnership with Real Madrid, the famous Spanish football club.  Wike recently travelled to Spain with his Commissioner for Sports (Boma Iyaye) and former Nigerian International player, Adokiye Amiesimaka, to discuss details with senior Real Madrid officials and globally celebrated superstars such as Cristiano Ronaldo and  Sergio Ramos, the team’s captain. Governor Wike in a handshake with Real Madrid star, Cristiano Ronaldo during his visit to the La Liga club. The aim of this collaboration – which has been enthusiastically applauded by Ramos and Ronaldo – is to provide top-class training opportunities to youths and to identify and nurture those who are found to possess world-class skil...

Jonathan’s wife’s sins catching up on her — Presidency

Buhari’s govt running on lies, propaganda —Jonathan By Emmanuel Aziken, Political Editor, Dirisu Yakubu & Omeiza AjayiABUJA—Former President, Dr. Goodluck Jonathan, yesterday, dismissed the All Progressives Congress, APC-led administration as running on the steam of lies and propaganda. President Muhammadu Buhari and Dr Goodluck Ebele Jonathan His assertion was immediately dismissed by the Presidency as an attempt to distract from what it described as the multiple corruption allegations facing his wife, Mrs. Patience Jonathan. The APC on its part, expressed disbelief that Jonathan was bold enough to utter the words as the party challenged him to dispassionately study the reasons he lost the 2015 presidential election. Speaking in Abuja, yesterday when he received P...

SON warns importers against cloning Nigeria-made products

By Godwin OritseSTANDARDS Organisation of Nigeria (SON), yesterday, warned importers against cloning Nigerian made products or risk prosecution. Obasanjo takes delivery of Made-in-Aba shoes. Pledged to step up the promotion of Made-in-Nigeria products. Speaking at a one day stakeholders forum on Ease of Business for port operators in the South West, SON’s Director of Enforcement and Monitoring,  Engr. Bede Obayi, said that the agency had noticed that importers were now cloning imported products, particularly Nigerian cables and presenting them as made in Nigeria He asserted that such cloned products will not be allowed into the Nigerian markets by ensuring that they undergo testing in SON’s laboratories before they are cleared from the ports. Obayi explained that impor...

Flooding: Edo government tasks FG on dredging of River Niger

By Simon Ebegbulem BENIN—Edo State Government yesterday urged the Federal Government to hasten the dredging of River Niger to find lasting solution to the perennial flooding suffered by riverine communities in the state. Obaseki The deputy governor of the state, Mr. Philip Shaibu, made the appeal while taking delivery of relief materials from the National Emergency Management Agency, NEMA, for flood victims in the state. Five Local Government Areas in Edo North and Central senatorial districts were affected by the flood, rending over 2000 persons homeless. Shaibu who lamented the menace of flooding, the lives and properties it had cost the people, particularly in parts of Edo North due to the over flow of the River Niger, attributed it to opening of dams along the coas...

Aiteo celebrates title sponsorship of CAF Awards

AITEO’s Executive Vice Chairman/CEO Francis Peters (right) with FIFA President Gianni Infantino at the UEFA Champions League final in Cardiff in May this year. Disclosing this in statement, the energy solution giants said that it signed a partnership agreement with the Confederation of African Football(CAF)on the sponsorship  of the CAF Awards on October 15 at the corporate head office of Aiteo in Lagos. Speaking on the commitment of Aiteo to the advancement of football in Africa, Executive Vice President, Benedict Peters said, ‘’this sponsorship shows that there is a clear momentum behind Aiteo’s involvement in the game. Buoyed by the success of our corporate social commitment in Nigeria that has resulted in our emergence as the first African nation to qualify for the world cup,we are enc...

Ochei tasks govs on payment of salaries

By Jeremiah Urowayino ASABA—A FORMER Speaker of Delta State House of Assembly, Chief Victor Ochei has called on state governors to prioritise payment of salaries, noting that it is critical to the success of any administration. Ochei, who said this on Channels Television’s Politics Today, also urged the governors to carry out a proper auditing of workers in their states in order to plug leakages. Victor Ochei His words:  “This is not a time to run a government as a social business. It has to be a business run on a profitable venture,” he said on Wednesday. “Now, look at your workforce; do you actually have what you need, or you are doing it as a social service that ‘ whoever comes let us accommodate’? And there are people who are paid salaries of work they don’t do.” T...

Benue releases N166m for rice, cassava production

By Peter Duru MAKURDI—Benue State government has release N166 million as counterpart fund to the International Fund for Agricultural Development-Value Chain Development Programme, IFAD-VCDP, to boost activities of rice and cassava small-holders farmers. Gov Samuel Ortom Governor Samuel Ortom said this at the organisation’s Trade Promotion and Know-ledge Fair in Makurdi. Represented by the Secretary to the State Government, Professor Tony Ijohor, Governor Ortom reiterated the commitment of his administration to the programme “because it has proven to be a veritable means of improving the lot of farmers in the state.” The National Programme Coordinator of IFAD-VCDP, Dr. Ameh Onoja, who lauded the political will of the state government to ensure the success of the Program...

$5.5bn loan consistent with debt management strategy —DMO

By Charles Kumolu ABUJA—The Debt Management Office, DMO, has said that the proposed $5.5 billion loan comprised $2.5 billion new borrowing and USD3 billion for refinancing, noting that the latter is purely a portfolio restructuring activity that would not result in any increase in the public debt. The DMO in a statement yesterday, said the $2.5 billion new borrowing through Eurobonds to finance the deficit in the 2017 Appropriation Act and the refinancing of existing domestic debt through external capital raising of USD3 billion, were consistent with Nigeria’s Debt Management Strategy. The DMO said: ”The proposed $2.5 billion new borrowing through Eurobonds to part finance the deficit in the 2017 Appropriation Act and the refinancing of existing domestic debt through e...